Hint:We have to remember that the Planning is the process of imagining about the actions expected to accomplish the desired goal. It is an important and major action to obtain the desired outcome.The Planning Commission came into being in 1950, the PM being its ex-officio Chair. The Planning Commission is involved greatly with financial planning and governing the planning, but not enforcing it.
We must remember that the Planning in India develops its purposes and public premises from the Directive Principles of State Policy enumerated in the Constitution. The supreme objective of Planning was considered as inaugurating a process of advancement which will lift inhabiting standards and open out to the community with new chances. The second objective of the commission was to stabilise the expansion of communities.
Some of the functions of the Planning Commission are-Assessment of the equity and human reserves of the nation. Secondly, the formulation of proposals for the greatly beneficial and proportional utilisation of the nation’s reserves. Thirdly, explanation of phases in which the plan should be executed. Fourthly, determination of the essence of the machinery necessary for the enactment of the plan with all its factors.
It is merely through financial planning that a country can strive to utilize its reserves to its greatest capacity. Monetary planning prevents the lop-sided development of the nationwide economy.
Hence, the correct answer is option (D).
Note: It enables to rectify and eradicate provincial inequalities. It improves coordination between the various areas of the economy.
It is the only credible means in which the State can attempt to eliminate economic discrepancies and ascertain an egalitarian community independent of civic and political uncertainties. It also furnishes people with a reasonable standard by which to evaluate the accomplishment of their governments.